Market Analysis 4.12
Brothers, let’s take a look at the current situation.
From the on-chain data, there are two major trends: (1) The amount of BTC flowing into exchanges has decreased; (2) For the past week, there has been no large-scale inflow of stablecoins for bargain hunting; this means that at this price, both BTC and altcoins are not attractive; but the previous forces that wanted to dump BTC have also been almost digested; a once-in-a-century spectacle has recently appeared, that is, gold and the US dollar have risen together. The US dollar and gold have always been negatively correlated; but the tensions between Russia x Ukraine, Iran x Israel, and North Korea x South Korea have allowed gold to break through the constraints and rise sharply; every time BTC falls sharply, there is a force to support it. It may be that this impending international situation has made BTC, as a risky asset, migrate to the path of digital gold; if this wave of BTC can continue to rise after the halving, then the world's impression will be completely reversed, confirming the transformation of BTC from a risky asset to digital gold; this wave of BTC breaking the previous high is a high probability event, and 80,000 is expected; but the problem is that whether BTC falls sharply or rises sharply, altcoins are at risk; BTC challenges the previous high + the end of halving, and there will be drastic market fluctuations.
Have you seen that AKRM and Sushi project owners have recently chosen to sell coins crazily?
Unless there is a sharp drop, it is suitable to buy in large quantities.
For those who are fully invested or have too heavy positions, there are two options.
(1) As BTC rises to challenge the previous high, the altcoins will follow suit. When the price rises to a certain level, remember to sell in batches.
(2) Exchange part of the altcoins for BTC.
Because it has fallen, you will have more coins if you buy in again.
